A blockchain-based application system for product anti-counterfeiting
In recent years, blockchain has received increasing attention and numerous applications have emerged from this technology. A renowned Blockchain application is the cryptocurrency Bitcoin, that has not only been effectively solving the double-spending problem but also it can confirm the legitimacy of...
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| Main Authors: | , , , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
2021
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/145745 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | In recent years, blockchain has received increasing attention and numerous applications have emerged from this technology. A renowned Blockchain application is the cryptocurrency Bitcoin, that has not only been effectively solving the double-spending problem but also it can confirm the legitimacy of transactional records without relying on a centralized system to do so. Therefore, any application using Blockchain technology as the base architecture ensures that the contents of its data are tamper-proof. This paper uses the decentralized Blockchain technology approach to ensure that consumers do not fully rely on the merchants to determine if products are genuine. We describe a decentralized Blockchain system with products anti-counterfeiting, in that way manufacturers can use this system to provide genuine products without having to manage direct-operated stores, which can significantly reduce the cost of product quality assurance. |
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